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Topic: What's the amount that every Bitcoiner should own ? - page 4. (Read 4012 times)

staff
Activity: 3500
Merit: 6152
There can only ever be 21 million people on this planet that will be able to hold 1 whole BTC. Of those, many will hold more than one. Considering 7 billion people, you're going to be one of the lucky ones.
Hold as much as possible ...while you can Wink

It dosen't work like that Grin 1 million are already owned by Satoshi Nakamoto , yes we are 7 billion people on the planet right now however there isn't 21 million Bitcoin right now , there will be .. until 2140 , Population then will be 10 billion at 2083 according to Wikipedia https://en.wikipedia.org/wiki/Population_growth
Some people won't even be holding bitcoin at all or simply holding few Satoshi's for daily transactions (assuming that the price will rise and bitcoin will live till then)
legendary
Activity: 1512
Merit: 1218
Change is in your hands
I'am not sure if some of you remember this website (It dosen't work anymore) : http://amifilthyrich.com (It's redirect to their original website 99bitcoins)

According to this when the website was used 7 months ago https://www.reddit.com/r/Bitcoin/comments/2pqiqh/i_am_filthy_rich/
It seems like 92% of Bitcoiners own less then one BTC . (I'am not even sure how that's calculated since some people spread their coins on different wallets and adresses and some of them have shitload of adresses empty)


So , from that ... I want to know how much do you think every bitcoin should be holding ? (Holding means not using it or spend it just keep it safe on Cold storage or PC or whatever without touching them)

Assuming that the scenario here is of a dollar crash or economic crash than I think 5 Btc should be more than enough. But we cant anything for sure. People may chose other things like gold instead of bitcoin. It will take a lot of time Imo to get bitcoin to average jo.
legendary
Activity: 1092
Merit: 1000
There can only ever be 21 million people on this planet that will be able to hold 1 whole BTC. Of those, many will hold more than one. Considering 7 billion people, you're going to be one of the lucky ones.
Hold as much as possible ...while you can Wink
sr. member
Activity: 322
Merit: 250
I'm going to say that 5 million USD's worth of purchasing power PRESENT VALUE is a good value to have, not exactly rich but definitely comfortable.


If bitcoin can reach 50k/coin, that would be 100 coins. 10k/coin would be 500 coins, so I think somewhere between 100 and 500 coins is good.
member
Activity: 94
Merit: 11
A bitcoiner should have more than 2258 BTC to enter the top 500 bitcoin rich list.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Well every bitcoiner should own as much as he or she is ready to invest into Bitcoin. I mean there is no right number and any number is right in my opinion. Not everyone are into Bitcoin because of money. Some people are into it for ideological reasons or just as pure enthusiasts.
I mean, even if OP asked how many bitcoins should you own to get rich in the future, even for this question there is no right answer.

I think we should all enjoy the ride first of all. Invest as you feel comfortable and enjoy this amazing movement of financial freedom.
member
Activity: 112
Merit: 10
Crypto-Games.net: DICE and SLOT

The table below is a snapshot of where the Bitcoin community
visit here https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

So, that table is a bit like a 'Top Ten', a number five being 1-10 coins owned. I think 1-10 would give fair value in the short term future, but around the 100 mark, top four, would be really good.

100 bitcoins = a thousand years of faucets Smiley I better get started.
legendary
Activity: 924
Merit: 1006
IMO keeping about BTC 1 will be nice as investment and as the rest can be sell for your local currency.
But all depend on how much and how ready we want to keep as investment.
newbie
Activity: 34
Merit: 0
Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin's original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.

99% of the Bitcoin Addresses have no Bitcoin Wealth

The table below is a snapshot of where the Bitcoin community, based upon all of the bitcoin addresses ever created, is when seen through the distribution of total bitcoin wealth. That it is so precise about the overall wallet content of Bitcoin community is somewhat startling, but a publicly distributed digital ledger should do that fairly well, I reckon. Anyway, this economic community photograph comes from around March 31st of 2015. That was when the amount of Bitcoin was set to pass the 14 million mark, which is exactly 2/3 of all of the bitcoins that will ever be created.

bitcoin wealth

As you can see, this shows how top-heavy the Bitcoin community is. First, there are a lot of bitcoin addresses that are either dead, abandoned or lost due to forgetting passwords/keys/usernames/, etc. Or just tens of millions of test addresses that are empty and never were destined to hold bitcoin, just to exist. Almost 99% of all the bitcoin addresses have less than one-tenth of a bitcoin, which is less than $24 USD worth at present. This is pretty startling to see if you aren't expecting it. It is hard to compare to any other store of value easily or fairly since most do not have a finite unit count built-in.

Also read: Vaultoro Opens Swiss Gold Vaults to Bitcoiners

The U.S. Government has no problem making trillions of brand new U.S. Dollars every year since the inflation is spread throughout the global economy. Being the "global reserve currency" certainly has its advantages, mainly you have an unlimited credit card the rest of the world's economies help you pay off every day. Exporting inflation is so sweet! Should anything that has lost over 98% of its value over the last century be considered a "store of value?" Gold also does not have a finite limit in its mining, and there are several mining operations worldwide working on producing more 24 hours a day, seven days a week. How much gold there is also is unknown. So how much concern there should be about such an imbalance is questionable.

Funny thing is this table also may help debunk the rumor of Nakamoto holding 1 million Bitcoins. The three addresses at the top of the Bitcoin address mountain have less than half of a million BTC held. Therefore, he would have to spread that large cache across several addresses, which may or may not be the case. This at least makes the rumor slightly less likely, but we may never know.

[divider]CCN[/divider]

Bitcoin hoarding is common since many believe Bitcoin value is only a fraction of what it will be in future years, as production slows and demand increases over time. The amount of Bitcoin out there versus the amount of daily transactions of BTC shows this fairly clearly. The mainstream acceptance of Bitcoin has been slow if still progressing steadily. These numbers may indeed change greatly as more fiat currencies crumble under the weight of their own debt, more merchants integrate with Bitcoin, and its convenience improves in the marketplace.

The lack of Bitcoin funds issue is not an Australian problem, as I've reported before. Australia's bitcoin market is so strong that every Australian, numbering almost 25 million strong, could have $15 in bitcoin if the market were spread throughout the citizenry. The people in Australia, who are into bitcoin, aren't just giving lip service to it. They are putting their money where their mouth is. The rest of us need to look in the mirror on this one.

Are Satoshi Nakamoto and The Winklevoss Twins the three addresses at the top of the Bitcoin wealth mountain? Will the next bull market change these numbers dramatically? Will the Bitcoin community experience a trickle-down economic windfall down the road when the heavy hitters have hoarded enough of a profit for being early adopters, and sell off their fortunes? Stay tuned.

I don't know what to make of it, but I hope the future has a less centralized collection of wealth for the world's leading centralized digital currency. The carpet doesn't match the drapes.

visit here https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
member
Activity: 112
Merit: 10
Crypto-Games.net: DICE and SLOT
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM

That's a great video, thanks for that. I like the Bitcoin modeling site he mentions too: http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html
legendary
Activity: 1946
Merit: 1007
I would first aim to join the 1 billion Satoshi club. That seems like a nice goal to me. So 10 bitcoin.

You would be a Satoshi billionaire then Smiley
legendary
Activity: 1442
Merit: 1186
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM

That video got me so damn bullish when it came out. I love D'Angelo's videos, he's smart and they are very well put together.
For those that can't or for whatever reason don't want to click on the youtube link it's a speculative video about what the price could be like if bitcoin starts to take a percentage of the gold market or remittance market.

They also made a widget so you could play with the price yourself:  http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
5k USD is actually not a big deal. the cool thing is, that bitcoin has so many use cases...

https://www.youtube.com/watch?v=g2nXgK34HIM
legendary
Activity: 1904
Merit: 1074
Look at this video and tell me it's not possible for 1 Bitcoin to be valued at say $5000 per Bitcoin. --> https://www.youtube.com/watch?v=P69TImuFbAQ

So if one of those scenarios happen, and you spend +/- $300 on one Bitcoin now..... What could your potential profit be in 1 or 2 years from now... even if this only happens in

10 years from now, you would still make a huge profit on your initial investment.  Wink
sr. member
Activity: 320
Merit: 250
Everyone should own at least one votcoin in order to say that they are truly bitcoiner.
legendary
Activity: 1792
Merit: 1283
I try to keep at least 2 Bitcoin aside in cold storage at all times.
Seems like enough to hold on to in case the price suddenly rises and not too much to lose if Bitcoin crashes.
newbie
Activity: 31
Merit: 0
i am pretty sure there are many early adopters of bitcoin who have a really nice amounts of bitcoins which they are holding but i guess users who are getting on with bitcoin now should hold somewhere between 5 to 10 for some future where it will go upto 10,000 or 20,000 one day Cheesy Grin
legendary
Activity: 1442
Merit: 1186
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.

Yea there are some people with thousands but there are billions of people with zero. If bitcoin catches on and becomes a "go to" for store of value or remittance or another market, those billions of people with zero will want some of your measly 1 bitcoin, and you can bet that if any of those billions with zero are wealthy, they will want to be bitcoin wealthy and pay a great deal to carry their existing wealth over into the crypto world.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.

I also agree with this, if you are the type of person that can afford that much, but if thats not the case , even 1 btc should be enough to give you your place in the game.
In the future i think that bitcoin will either die out, or be insanely on the price, so even holding 1 btc in notable.

cheers
legendary
Activity: 1442
Merit: 1016
Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.

If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.

This is like saying 100k or 1 Million Dollar is nothing because there are people out there who own a few billion dollar. Stupid argument imo.
And what happens when Bitcoin reaches high price? Your assumption I guess is that they might cash out right? And so the price dumps.
But early adopters could have cashed out in december 2013 to mid last year for a making a really high profit.

I believe some of them might sell a part of their stash.But also believe that in the next big rally these  dumps will be quickly absorbed by people who want to get in or to accumulate more.So no big deal. A few whales sell and Bitcoin gets more distribution.Win win situation.

100 BTC is about 28000 dollar. I highly doubt that the average guy here can accumulate this in 5 years. In 10 years might be possible for good minority.
I'd say an amount of 5-25, or maybe 50 BTC if someone really can afford it, is a really good amount to aim out for.

Keep in mind the risk. So do yourself a favour and only invest what you can afford to lose.
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